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    LONDON, UNITED KINGDOM -- A United Kingdom government report shows the United Kingdom will fall short of its 2010 goal of cutting carbon dioxide emissions. But it said it is still on track to nearly double its Kyoto target of reducing total greenhouse gases 12.5 percent below 1990 levels by 2012.
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    LONDON, UNITED KINGDOM -- A U.K. group is calling for a climate change strategy similar in scale to Franklin D. Roosevelt's New Deal, including a massive investment in renewables and major shake-up of taxation and financial systems.
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    OAKLAND, Calif. -- Ontario, home to Canada's industrial sector, is the fourth province in Canada to join the Western Climate Initiative. The regional collaboration that includes seven U.S. states will launch a cap and trade system in 2010 to reduce emissions 15 percent below 2005 levels by 2020.
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State and Trends of the Carbon Market 2008

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The World Bank examines the state of the global carbon markets, mainly the Kyoto Protocol's Clean Development Mechanism and European Union Emission Trading Scheme, and looks at what is driving growth in carbon offsets and trading, where projects are being funded and what is in store in the coming years.

Along with delving into supply and demand, it looks at what types of projects are being supported, which countries stand to gain from the markets and why prices vary among projects. Included is the analysis is a call for a change in how to reform and improve the Clean Development Mechanism.
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